EILTX

About EILTX

Parametric TABS 5-to-15 Year Laddered Municipal Bond Fund Class I is an actively managed municipal bond mutual fund. It pursues an after-tax total return objective by investing primarily in tax-exempt municipal obligations and structuring a laddered portfolio across maturities from five to fifteen years, using a rules-based approach to allocate approximately equal maturity “sleeves.” The strategy emphasizes diversification across states and sectors within the national intermediate muni universe, seeking consistent income and interest-rate risk management through its maturity ladder. The fund typically keeps at least 80% of net assets in municipal bonds exempt from regular federal income tax, and may also hold direct U.S. Treasury or agency obligations as part of its approach. Managed within the Eaton Vance and Parametric ecosystem of Morgan Stanley Investment Management, the fund’s design targets intermediate duration characteristics often used by investors to balance income, credit quality, and rate sensitivity in core tax-aware fixed income allocations. Class I shares are an institutional share class with a higher initial minimum, reflecting its positioning for professional and larger-scale investors seeking a systematic, transparent maturity allocation in municipal markets.